DPM attracts more Japanese investments in EEC

Deputy Prime Minister Somkid Jatusripitak has been encouraging Japanese investors to up their investments in the Eastern Economic Corridor project.

Deputy Prime Minister Somkid Jatusripitak has encouraged Japanese investors to set up a food innovation center under the Eastern Economic Corridor project.

He signed an agreement between Mie prefecture of Japan and Thailand on cooperation in investments, particularly in food processing, electronics, and education.

He said Thailand prefers investors from Mie prefecture to join Thai investors to set up food and electronics innovation centers in Thailand, as well as another technical college in Thailand’s Eastern Economic Corridor project producing workers with skills needed in the labor market.

Investors will enjoy support from the Board of Investment of Thailand (BOI) offering a special taxation rate. The project will also receive cooperation from Thailand’s Ministry of Industry and the Ministry of Education.

The establishment of a food innovation center in the EEC, which is the country’s main fruit production region, would help upgrade capable Thai farmers to set up their own startup businesses.

The governor of Mie will be visiting Thailand in November to discuss practical investment possibilities, he said.

The deputy premier also visited Aichi prefecture, where he encouraged investors from the automobile and aviation industries to invest in the EEC.

He delivered his speech at the Thailand Taking off to New Heights seminar and met with delegates from local private companies, the president of the Nagoya Chamber of Commerce & Industry, and high-level delegates from the Japan Business Federation in Chubu region.